Use the following payoff matrix for a simultaneous-move one-shot game to answer the accompanying questions. Strategy A Player 1 B Player 2 C D E F 19, 4 9, 15 7, 18 11, 13 8, 10 17, 7 12, 15 4, 9 a. What is player 1's optimal strategy? Strategy B Player 1 does not have an optimal strategy. Strategy A b. Determine player 1's equilibrium payoff. 8 *

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Use the following payoff matrix for a simultaneous-move one-shot game to answer the accompanying questions.
Strategy
A
Player 1
B
Player 2
C
D
E
F
19, 4
9, 15
7, 18
11, 13
8, 10
17, 7
12, 15
4, 9
a. What is player 1's optimal strategy?
Strategy B
Player 1 does not have an optimal strategy.
Strategy A
b. Determine player 1's equilibrium payoff.
8 *
Transcribed Image Text:Use the following payoff matrix for a simultaneous-move one-shot game to answer the accompanying questions. Strategy A Player 1 B Player 2 C D E F 19, 4 9, 15 7, 18 11, 13 8, 10 17, 7 12, 15 4, 9 a. What is player 1's optimal strategy? Strategy B Player 1 does not have an optimal strategy. Strategy A b. Determine player 1's equilibrium payoff. 8 *
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